Rumors of layoffs complement banks’ declining profit reports

Fewer investment deals and declining profits for US banks could signal layoffs. However, banks are well positioned to hang onto employees until they see how H2 2022 shapes up. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Banking industry. Learn more about becoming a client. The news: Rumors of hiring freezes and layoffs are…

Ohio’s new GOP-drawn congressional maps ‘unduly favored the Republican Party,’ the state’s top court ruled, but they’ll still be used in midterm elections

The Ohio State Capitol Building. Joseph Sohm/Getty Images The Ohio Supreme Court ruled the Congressional maps used in the state’s May primaries unconstitutional.  The court said the maps “unduly favored the Republican Party.” The maps will still be used in November, but new maps must be drawn up for the 2024 elections.  The Ohio Supreme…

China’s oil imports from Saudi Arabia are surging, helping the world’s top crude exporter notch its best month since 2020

China’s President Xi Jinping and Saudi King Salman bin Abdulaziz. LINTAO ZHANG/AFP via Getty Images Bloomberg data shows Saudi Arabia oil exports this month are on track for their highest levels since April 2020.  Preliminary numbers through July 18 reveal total observed shipments are headed for 7.7 million barrels a day, up by 1.1 million…

Tory MPs select final 3 candidates to succeed Boris Johnson amid rumours of ‘dark op’ vote lending

The final three: Penny Mordaunt, Liz Truss and Rishi Sunak Getty Images) The race to succeed Boris Johnson remains wide open as MPs steadily eliminate candidates. Rishi Sunak, Liz Truss and Penny Mordaunt remain, but none has a confirmed place in the last two.  MPs questioned a surge in support for Truss, reviving claims that…

Sylvester Stallone tore into ‘Rocky’ franchise producers over rights: ‘The worst unhuman beings I’ve ever met in the movie industry’

Stallone as Rocky Balboa in “Creed.” MGM Sylvester Stallone voiced frustration over not having an ownership stake in the “Rocky” franchise. In deleted Instagram posts over the weekend, he called out franchise producers Irwin and David Winkler. He called them “untalented” and “the worst unhuman beings I’ve ever met in the movie industry.” Sylvester Stallone…

Crypto lender Celsius is betting on its mining operation to help it reorganize as creditors and customers look to recoup $5 billion from the firm

Celsius founder and CEO Alex Mashinsky speaks at the Web Summit conference in 2021. Bruno de Carvalho/SOPA Images/LightRocket via Getty Images Celsius received approval to expand its mining operations as it looks to reorganize and pay back creditors. Prospects still look grim for Celsius’ customers, as the lender only holds $170 million in cash. Some…

The Sega Genesis Mini 2 retro console launches this fall with more than 50 classic games — here’s how to preorder

When you buy through our links, Insider may earn an affiliate commission. Learn more. Sega The Sega Genesis Mini 2 will launch on October 27 exclusively at Amazon. The retro gaming console features more than 50 games from the Sega Genesis and Sega CD. Preorders are available now for $102, though the full list of…